Banking
Matching your deposits is my top priority, Hardknox. I'll gladly show you the way to do this.
Vendor credit won't show on the Banking page. To successfully match the transactions, we'll have to record a vendor refund first.
Here's how:
- Click the + New icon and then choose Bank Deposit.
- Under Add funds to this deposit, choose the vendor name in the Received from field.
- Choose Accounts Payable in the Accounts field, then enter the credit amount in the Amount field.
- Select Save and close.
For your visual reference, I've attached a screenshot below.
Once done, we can now match the deposit to the bank transaction. Please ensure that the match is correct.
To give you more tips about managing vendor credits and recording cash backs in QuickBooks, I'd suggest checking out these articles:
- How can I Record a Cashback to my Credit Card Account?
- Learn how to Record a Refund from a Vendor in QuickBooks Online
Additionally, I encourage reconciling your accounts every month. Doing so ensures your books are accurate.
Feel free to comment down below if you have any other concerns or questions about matching your deposits. I'm always glad to help in any way I can.
